Provision and Obtain a Pan

Provisions :

In recent times, the DOI (date of issue) of the PAN card is mentioned at the right (vertical) hand side of the photo on the PAN card is issued by NSDL and can not be mentioned if issued by UTI-TSL.

The central government has introduced a brand new on-line service known as "Know Your PAN", to for knowing your PAN variety, verify your PAN for brand new and existing PAN numbers.

Failure to go with the provisions of Section 139A of income tax Act, a penalty of â‚¹10,000/- for every default is payable u/s.272B to the assessing officer.

Obtaining a PAN

Obtaining a PAN could also be optional or voluntary like a passport, driving license, etc. However, its use is obligatory at needed places, like PAN for high-value cash transactions, licence for motor driving, passport for foreign travel, etc..

One will apply for PAN by submitting the prescribed PAN application to the licensed PAN agency of the district or through on-line submission to NSDL web site, UTI in conjunction with two recent passport size color pictures, proof of ID, Address and Date of Birth and fee.

In the case of reprint (re-issue), a photocopy of the previous PAN is also needed. It takes about 10–15 days to receive the card.

A user with an Aadhaar card may also submit e-KYC.

Operat Model and Tracking PAN Application and Transaction

Operating model :

The issue of PAN, verification, delivery, and maintenance works on public-private partnership (PPP) model like Passport Seva Kendra (PSK) for reasons of economy, efficiency, and effectiveness. The acknowledged entities like NSDL e-Governance Infrastructure limited (formerly National Securities depository limited) and UTI Infrastructure Technology Services limited (UTIITSL) are entrusted by taxation Department as managed service suppliers for the method of applications, collecting, handling, and validatory personal documents like proof of ID, age and address, clarification with the candidates, printing the card and conjointly the letter then mailing it.

The processing agencies get the new PAN number on-line from the server of the income tax department once the successful process of the application documents. Some critics in india may call the handling, processing, and delivery of personal|of non-public} ID and financial documents by private contractors a violation of privacy.

NSDL e-Gov centers can be located on the TIN website. It is currently very easy using on-line exploitation Aadhaar based eSignature at NSDL e-Gov's web site. One will register 1st at NSDL e-Gov's web site. Once registration, the applicant receives a token number. One can continue with filling form. The applicant can save the details and complete the form at his convenience by logging in using his/her registered details. One will upload photo/signature and supporting documents and eventually eSign using victimization Aadhaar and OTP. once successful eSign one will download and keep a duplicate of the signed form for his reference. An acknowledgment receipt and form are also received through e-mail at registered email ID.

UTIITSL centers can be located on its website.